Maui Blog - Georgie Hunter R(S): What is the Mistake Homebuyers Make?

What is the Mistake Homebuyers Make?

It's very basic, but necessary to do.  Before you shop for a home you need to know your budget and whether or not you will even qualify for a mortgage.  Don't get tripped up on this important step - get prequalified with a local lender.

watch your step

Contact me and I can provide a list of good local lenders here in Hawaii.

Thanks for reading my Maui blog...

Buying or selling real estate on Maui?  That's what I do.  Let me help YOU.

Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635

What is the biggest mistake homebuyers make when they want to buy their first house?

Every day, I get an email or a call from a buyer who wants to go out and see some homes that are for sale.  My first Question is always:  What is your price range?

Inevitably, the answer will be " Oh, I don't know, probably around xxx or yyyy.  I looked online and calulated monthly payments so I'm comfortable!"

My inner little voice sighs deeply....."Have you spoken to a lender?"  I ask.

Unless you speak with a lender who runs your credit and checks your finances, you really do not know how much you can afford.  You just think you do.  If your credit is poor, your interest rate will reflect that.  And different loans charge different fees.  

So, before you even start looking online for your next house, call me and  I will help you find a good  lender!!  The saddest thing for buyers is to fall in love with a $400,000 house only to then be brought back to reality and find out that they can only afford $325,000.  

So...Step 1 of the Homebuying Process?   Call or email me! 

        Step 2 of the Homebuying process is to speak to a lender!

        Step 3--Look at houses in your price range.

 

moving2maryland.com

Posted by

Susan Nealey

www.moving2maryland.com

Berkshire Hathaway HomeServices

PenFed Realty

1997 Annapolis Exchange Parkway, Ste 101

Annapolis, MD 21401

Serving Annapolis, Severna Park, and All Surrounding Areas

Comment balloon 5 commentsGeorgie Hunter R(S) 58089 • January 30 2017 09:53PM

Comments

This is a very repetitive question I ask my clients "Have you been approved" most of the reponses are like you said "No, but we can afford this". Its good to know exactly what you can afford before you even think about looking at houses and their prices.

Posted by Corey Martin, Real Estate and Management Solutions (Martin Presence Group) 9 months ago

Doing your due diligence upfront makes the whole process easier & more productive for all involved.

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 9 months ago

You're right Corey Martin - how many times do buyers realize they really can't afford it!?

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 9 months ago

Thanks Debe Maxwell  - yup, it's easier for everyone.

 

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 9 months ago

Many buyers think that they can look all they want without getting approved, but then wonder why they lost out because they had not been to the bank

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 9 months ago

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